Global Market: Japan’s Nikkei plunges over 4% as chip stocks track global tech selloffJapan's Nikkei index tumbled over 4% on Tuesday to a two-month low, led by a deep selloff in semiconductor and AI-related stocks following ...
Global Market: China stocks slide to one-week low as AI valuation concerns hit tech sharesChinese stocks fell to a one-week low on Tuesday, led by a sharp selloff in technology and semiconductor shares as investors questioned AI-...
South Korea’s Kospi tanks 10% despite US-Iran war optimism. Here are 4 reasons whySouth Korea's Kospi plunged more than 10% on Tuesday as a global semiconductor sell-off battered technology heavyweights. SK Hynix tumbled ...
Global Market: Samsung, SK Hynix plunge up to 11% as investors reassess AI chip boomSouth Korean chip stocks experienced sharp declines on Tuesday. Major companies like Samsung Electronics and SK Hynix saw significant drops...
CXMT's 466% listing pop makes it China's most valuable firmCXMT Corp shares surged 466 percent on their Shanghai trading debut. This IPO became Asia's largest this year, boosting the chipmaker's val...
China memory chipmaker CXMT set for Shanghai debut after Asia's biggest IPOAt the IPO price, CXMT is valued at about 579 billion yuan ($85.5 billion) before the possible exercise of the over-allotment option, makin...
US stocks today: Nasdaq lags on angst over AI spending ahead of earnings reportsU.S. markets closed mixed as the Nasdaq declined on chip stock weakness driven by concerns over heavy AI spending, while the Dow rose and t...
Intel forecast crushes estimates as AI boom boosts chip demand; shares jumpIntel expects third-quarter revenue between $15.8 billion and $16.8 billion, compared with analysts' average estimate of $15.1 billion, acc...
Japan's Nikkei rises as chip shares gain, BOJ's rate hike prospects weighJapan's Nikkei share average saw an increase on Thursday, driven by chip-related stocks. These gains were tempered by concerns over an earl...
US stocks today: S&P 500, Nasdaq open lower as caution builds ahead of Big Tech earningsU.S. markets opened mixed as Nasdaq and S&P 500 slipped on chip stock weakness, while Dow edged higher. Investors remained cautious ahead o...
US stocks today: Nasdaq surges 1% as chip stocks extend recovery; earnings in focusWall Street opened higher on Tuesday, led by gains in semiconductor stocks recovering from a recent selloff. Investors are closely watching...
Global Market Today: Asian stocks recover as chips rebound, oil dipsAsian stocks advanced, recovering from recent losses as chip shares stabilized. Megacap technology earnings are anticipated this week, infl...
US stocks today: US stocks open higher as chips recover, megacap earnings loomWall Street opened higher as chip stocks rebounded from last week’s sharp decline, supporting gains across major indexes. Investors are now...
Global Market: Citi downgrades South Korea to neutral as AI chip volatility mountsCitigroup has downgraded South Korea to neutral after a year-long overweight stance, citing heightened volatility in AI-linked chip stocks ...
Global Market: CXMT's $8.6 billion IPO draws strong demand despite cooling enthusiasm for chip stocksChinese memory chipmaker CXMT Corp's IPO saw oversubscription by institutional investors. This robust demand highlights continued investor ...
US stocks today: US stocks open lower as chip rout extendsWall Street opened lower as investors reassessed the strength of the AI-driven rally, triggering a fresh selloff in chip stocks. Nvidia and...
US stocks today: S&P 500, Nasdaq fall as chip stocks weaken; earnings and data in focusThursday saw declines in the S&P 500 and Nasdaq indexes, primarily due to a renewed slump in chip stocks that outweighed positive earnings ...